RE: RE: RE: late day action Maybe the answer to the 'bigger question' lies in determining why National Bank
has an estimated NAV of $5.00 while the PACE website presentation has a 10%NAV of $16.00.
A discrepancy of this size indicates there is a total disconnect in information somewhere.
PACE's $16 NAV does not appear out of line relative to the size of its reserves, production,
undeveloped land and potential with regard to 'special projects'.
It would seem that National Bank must be totally not valuing some of PACE's reserves.
Seven analysts rate PCE as 2 hold, 4 buy and 1 strong buy. Obviously National Bank is
likely one of the Holds.
If you know the reason for the NAV discrepancy let me know.